D. E. Shaw & Co. Inc. grew its stake in Radware Ltd. (NASDAQ:RDWR - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,574 shares of the information technology services provider's stock after buying an additional 25,907 shares during the period. D. E. Shaw & Co. Inc. owned 0.38% of Radware worth $3,573,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in RDWR. Covestor Ltd acquired a new stake in Radware in the 4th quarter valued at $28,000. Plato Investment Management Ltd acquired a new stake in shares of Radware in the 4th quarter worth about $30,000. New Age Alpha Advisors LLC acquired a new stake in shares of Radware in the 4th quarter worth about $32,000. Quantbot Technologies LP acquired a new stake in shares of Radware in the 4th quarter worth about $59,000. Finally, R Squared Ltd acquired a new stake in shares of Radware in the 4th quarter worth about $62,000. Institutional investors and hedge funds own 73.12% of the company's stock.
Radware Price Performance
Shares of RDWR stock traded down $0.33 on Friday, hitting $23.30. The stock had a trading volume of 75,693 shares, compared to its average volume of 232,238. The business has a 50 day moving average of $22.20 and a 200 day moving average of $22.50. The stock has a market cap of $994.61 million, a price-to-earnings ratio of 166.44 and a beta of 0.95. Radware Ltd. has a 12-month low of $17.01 and a 12-month high of $25.00.
Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The firm had revenue of $72.08 million during the quarter, compared to analyst estimates of $70.56 million. Radware had a return on equity of 3.81% and a net margin of 2.20%. The business's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. As a group, research analysts expect that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on RDWR. Needham & Company LLC reaffirmed a "hold" rating on shares of Radware in a research report on Friday, February 14th. Jefferies Financial Group cut their target price on Radware from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Monday, March 31st.
Read Our Latest Report on RDWR
Radware Profile
(
Free Report)
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.
Recommended Stories
Before you consider Radware, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Radware wasn't on the list.
While Radware currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
